Party / Wedding Retail Product Store
Location North Carolina,United States
Asking Price Range < $250K
Gross Revenues $580000
Net Profit / Cash Flow $78098
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1982
Number of Employees 6 - 9
Inventory 192500
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Owner will assist new buyer as needed for 30 days after closing.
Reason for Sale Owner has worked in the operation for the last 15 years and is ready for retirement.
Description $249,000
Retail store that has been a locally owned family business for over 20 years, with current owner taking ownership in 1998. They offer custom wedding invitations, banners and bows, as well as a large selection of bakery, catering, party and wedding supplies of all kinds.
Historical Summary:
Business moved to its current location in 1995 and evolved into more of a retail business with a greater variety of products. Major product categories are bakery, catering, party supplies and wedding invitations/supplies. Current local market position is estimated to be 20% of potential sales.
Owner Qualifications:
The new owner should be able to function in a retail environment dealing daily with the general public.
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